stay alive long enough for probabilities to work

Overconfidence kills, it causes you to forget that every trade is 50/50 probability. It makes you feel you have the market figured out 😂

The market doesnt reward confidence, it rewards discipine.

Its just another way of saying trading is a game of probabilities so you have to play your strategy long enough for the odds to go in your favor. If you burn out and crash out of the sky early then you will never know if the odds would have been in your favor.

The market tends to reveal you to yourself. The market is a revealer. Trading is all about the discovery of yourself.

One needs to trade for one month straight without missing a single trading day, before he can truly see if his strategy works profitably.

Only those who appreciate risk management can stay alive trading wise till probability works. This is why we emphasize the place of risk management in trading. Don’t lose your entire funds on one trade knowingly fully well that there are more opportunities in the market. I advise you risk 0.5% of your account on any trade.

And this is one reason why people are trooping to prop firms, because when they get funded they have the capital to stay alive long enough for probabilities to work. Its hard to do when you lhave limited funds.

Well you are right about this but even if they trade prop firm account and no proper risk management, they will be back to ground zero.

Risk management is still related to your account balance. For example you cannot set a wide stop loss if you have a small account balance